12918 Ivydale Drive
About This Property
This property boasts a fully reconditioned and retrofitted 1950 structure into a "bare bones" open floor plan STUDIO (27 X 23') with vaulted ceiling, adjacent full bathroom and kitchen / utility room. Additional improvement includes a covered and decked breezeway and additional storage/WORKSHOP.
The building, with some investment, could be further remodeled into a conventional home. Or, since it is conveniently located on the northeast corner of property, there is ample space for additional building. It could be temporarily occupied while building new. The water supply is a full upgraded well with a 120 gal glass lined pressure tank & 1hp pump & motor. And there is a fully functioning standard septic system. Seller has survey
Great property, with a little bit of vision! Must see!!!!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2020 | Sold | ||
| Sold | |||
| Jan 30, 2020 | Listed by Texas Real Estate & Co. | $110,000 | |
| Listed by Texas Real Estate & Co. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017